Foreclosure Inventory Plunges Nearly 30%

The industry’s foreclosure inventory rate is down 29.61 percent from last year, according to Lender Processing Services (LPS). Overall, foreclosure inventory has contracted for 18 consecutive months and is now at its lowest point since the end of 2008, totaling 1.28 million loans, or just 2.54 percent of today’s active mortgages.

Full Story: http://www2.realtoractioncenter.com/site/R?i=zPq7x-5vaRKnVZ0p9jKtdA